"The executive team at Alchemist share a similar vision with the executive team at Aqua with respect to emerging market technology serving the cannabis industry," she said. "Paul and the Alchemist leadership team bring a wealth of experience and knowledge that complement Aqua's business objectives."

Alchemist said that both groups would continue to explore other opportunities to further expand the strategic partnership and enhance the user experiences for all users.

The strategic partnership agreement will see the two firms share revenue on a 50:50 basis from net proceeds generated from all clients contracted under the partnership.

The firm has earmarked January 2019 as the time when its change of business would be fully completed.

Alchemist Mining is focused on maximizing shareholder value by continuously seeking out and identifying precious metal properties with great potential. Alchemist is currently in the process of evaluating mining and exploration opportunities at attractive prices in current market conditions.

Partners:

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for
listed tech companies to interact with
institutional and highly capitalised investors. Headquartered in London, Tech Capital is led by a team of Europe's
leading analysts and journalists, publishing daily content, covering all key movements
in the Technology market.